Answer: D. A & C
Explanation:
A long term liability is one that is due to be paid in a period longer than a year. The loan is due in less than a year so the only way to classify it as a long term liability is to make it a loan that will extend past a year. This can be done through refinancing which is to replace the current loan with another loan.
Karin's company therefore would need to demonstrate that the obligation can be refinanced on a long-term basis by them and they must also have the intention to do so as well.
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Answer: market economy’s do not have government interference in businesses
Explanation:
Answer:
60%
Explanation:
To calculate the percentage assigned to cost of goods sold
, we should use the formula:

= 60%
Therefore, the percentage assigned to Cost of goods sold is 60%
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